Chinese deal for UK firm

A UK firm has struck a major deal with China Highway Engineering Consulting Group Company (CHECSC) for road maintenance materials.
February 13, 2012 Read time: 1 min
A UK firm has struck a major deal with China Highway Engineering Consulting Group Company (CHECSC) for road maintenance materials. The Milton Keynes-based firm, 2588 ASI Solutions, has signed a £100 million Memorandum of Understanding with CHESC subsidiary HUALI for the specialist road preservative product Rhinophalt. This product is used to protect against road surface deterioration caused by weather and high traffic volumes. The agreement will see HUALI being supported by ASI personnel during 2011 on a range of projects including major highways and an airport. This interim step allows the introduction of Rhinophalt into China until a full distribution contract is agreed. With a total expressway surface area exceeding one billion m2, and a five-year growth plan which will add a further 125-150 million m2/year, this is a major contract for ASI. CHECSC is a major civil engineering operation involved with the build and repair of China's rapidly growing Expressway infrastructure. It is owned by China Communications Construction Company, a state owned and privately run group which is ranked 13th largest contractor in the world. In addition to this new Chinese agreement, ASI Solutions has an international presence with clients in India, Germany, Spain, Australia, Iceland and the Middle East.

For more information on companies in this article

Related Content

  • Visible road markings: an essential for older drivers and intelligent vehicles
    March 20, 2015
    The RAINVISION project, co-financed by the European Commission, recently held its final meeting. Over the past three years, the project has researched the impact of road markings on driver behaviour under different night weather conditions (dry, wet and wet and rainy) and has assessed how different age groups and gender groups adapt their driving based on the above mentioned conditions. The results of the project were presented and in particular, the outcomes of three different trials conducted over the pro
    Read More
  • Chile awards China $1.1bn toll deal
    April 12, 2021
    CRCC will have concession on 195km Talca-Chillán toll highway on Route 5
    Read More
  • Mitsubishi consortium receives letter of conditional acceptance for Doha Metro
    February 23, 2015
    A consortium of Mitsubishi Heavy Industries, Mitsubishi Corporation; Hitachi, The Kinki Sharyo and Thales has received a Letter of Conditional Acceptance from the Qatar Railways Company (Qatar Rail) for a systems package for the Doha Metro, the first metro system to be constructed in the State of Qatar. It is said to be one of the world’s largest projects for a single metro system. Construction is scheduled for completion by October 2019. Qatar Rail is the owner and manager of Qatar’s rail network and respo
    Read More
  • Schneider Electric to acquire Telvent for $2 billion
    January 27, 2012
    Schneider Electric has signed a definitive agreement with Telvent GIT to make a cash tender offer for all of Telvent's shares at a price of $40 per share, which represents a premium of 36% to Telvent's average share price over the last 3 months.
    Read More

Highlighted Content